According to a report carried Wednesday by Brazilian newspaper Valor Economico, Europe’s largest travel company TUI Travel, is in talks to acquire CVC Brasil. The Brazilian firm is currently the biggest player in the country’s travel sector.
Without revealing its source of information, Valor Economico indicated that TUI travel is in talks with CVC's controllers, the private equity firm Carlyle Group and Brazilian entrepreneur Guilherme Paulus. The paper did not reveal the financial details of the possible transaction.
ScanSource, Inc., the leading international value-added distributor of specialty technology products, through its wholly-owned subsidiary, ScanSource do Brasil Participações Ltda, has entered into a definitive purchase agreement with CDC Brasil, S.A., Brazil’s leading distributor of AIDC and point-of-sale solutions.
CDC Brasil is a value-added distributor that sells only to resellers and offers many of the same industry-leading products that ScanSource, Inc. provides.
CPFL Energia S.A. through its subsidiary CPFL Comercialização Brasil S.A. has entered into an agreement with a consortium of companies to acquire 100% of the quotas of Jantus SL and to potentially acquire another company to be organized by the consortium through a corporate reorganization in Jantus.
Tereos International is to expand the operations of its sugar and ethanol subsidiary in Brazil, Guarani. Tereos announced plans to invest 767 million reais ($476 million) to expand sugarcane crushing capacity and energy cogeneration of the subsidiary over the next 4 years.
This investment plan will benefit from a long-term 764 million reais financing agreement secured with the Brazilian Development Bank (BNDES) and from the successful completion of Guarani’s US$560 million refinancing.
Amgen, the world's largest biotechnology company, has expanded its operations in Brazil through the acquisition of Bergamo, a privately-held Brazilian pharmaceutical company. In addition, Amgen has also agreed to reacquire rights in Brazil to its products that were previously granted to Mantecorp (subsequently acquired by Hypermarcas).
Thomson Reuters Thursday announced that it has launched a new online research platform, Revista dos Tribunais Online, geared expressly for Brazilian legal professionals. The platform incorporates the more than 900 editions of Revista dos Tribunais that have been published without interruption since 1912.
According to the Wall Street Journal, Brazil's largest airline by revenue TAM will pay as much as $250 million to acquire a maximum 31 per cent stake in a small Brazilian airline, TRIP Linhas Areas. The Wall Street Journal quoted a report filed by Brazilian financial newspaper, Valor Economico.
Bullion Monarch Mining, Inc. Tuesday announced it has acquired the Niquelândia bauxite project located near the town of Niquelândia, in the Brazilian state of Goiás. Bullion has scheduled an estimated exploration budget of US$1.5 million to be invested in the first year of the project.
Belden Inc. has completed its acquisition of Brazil’s Poliron Cabos Elétricos Especiais Ltda. Belden is a global leader in signal transmission solutions for mission critical applications. Poliron Cabos Elétricos Especiais Ltda is a leading Brazilian cable company. The acquisition is an all cash transaction valued at approximately $30 million.
Reports emerged Sunday that renowned brewer SABMiller Plc is mulling the purchase of Brazilian business Primo Schincariol Industria de Cervejas e Refrigerantes. Primo Schincariol Industria de Cervejas e Refrigerantes is a privately owned firm and the country’s second largest brewer. The firm has been up for sale for around $2 billion, reported RTT News.
H.J. Heinz Friday announced that it has completed its acquisition of an 80% stake in Coniexpress S.A. Industrias Alimenticias. Coniexpress is a leading Brazilian manufacturer of the Quero brand of tomato-based sauces, tomato paste, ketchup, condiments and vegetables.
Squarestone Brasil Limited, the Anglo-Brazilian real estate development and investment firm, announced that it has, through its wholly owned subsidiary SB Brast Participacoes S.A., signed agreements with a leading Brazilian investment bank and a US private equity real estate group to fund and develop to completion Golden Square Shopping Mall.
Canada based Tuscany International Drilling Inc. has entered into a letter of intent to acquire all of the issued and outstanding shares of a private Brazilian drilling and work-over company, together with seven drilling rigs and two work-over rigs located in Brazil from an affiliate of the Company, for an aggregate cash purchase price of approximately US$52 million, announced Tuscany Wednesday.
Portugal Telecom has acquired a 25.3 per cent of Brazilian carrier Telemar Norte Leste SA or Oi. The transaction was for a consideration of 8.32 billion reais, about US$5 billion, and gives the Portuguese firm a bigger stake than it had originally planned to acquire. The purchase comes as the finalization of a long standing deal that was announced last year.
After its unsuccessful bid for a majority stake in Riversdale Mining, Australian mining giant Rio Tinto is reportedly in talks to acquire shares of Brazil’s Cia Siderurgica Nacional, reported The Australian. Rio Tinto had offered AU$3.9 billion for Riversdale, aiming to bolster its coking coal assets with an extensive deposit in Mozambique.
According to the Australian, two people familiar with the situation revealed that Rio Tinto is currently negotiating to buy shares from the Brazilian steel producer.
Bloomberg reported that Banco Santander Brasil SA is planning to increase its headcount of 122 private bankers by upwards of 20 per cent this year as Brazil's economic growth fuels demand for wealth management services. In an interview with Bloomberg, Maria Eugenia Lopez, head of Santander Brasil's private-banking unit, said the positive economic moment Brazil is experiencing is supporting an aggressive growth of the private-banking business.
GP Investments Ltd, a leading private equity firm in Latin America, announced it has invested an estimated R$168 million for a 56 per cent controlling stake in Sascar Tecnologia e Segurança Automotiva S.A. (Sascar).
Sascar is a major player in Brazil’s fast-growing mobile resource management (MRM) sector. The investment will be undertaken via GP Capital Partners V, L.P., a private equity fund managed by GP Investments V, Ltd., a wholly-owned subsidiary of GP Investments.
Telefonica, Spain’s largest telecoms operator, is mulling the investment of an estimated 24.3 billion reais, approximately US$14.7 billion, in Brazil between 2011 and 2014. The investment plans were revealed by Telefonica’s CEO Cesar Alierta, during a meeting with Brazilian President Dilma Rousseff.
Tres Coracoes Alimentos S.A., a 50 per cent joint venture of Strauss Coffee B.V. (74.9%) and Sao Miguel FIP, has signed a Letter of Intent to acquire the business of the coffee company Fino Grao, which operates mainly in the Minas Gerais province and its capital Belo Horizonte, in Brazil.
Gerresheimer AG has acquired Vedat, a major Brazilian manufacturer of pharmaceutical plastic packaging products, especially plastic closures. Gerresheimer AG is one of the leading worldwide suppliers to the pharma and healthcare industry. The investment is aimed at strengthening its pharmaceutical plastic packaging business in South America. The financial details of the transaction were not disclosed.
Reports carried by Fox Business indicated that the Export-Import Bank of the United States is to extend a $3 billion credit to finance Brazilian purchases of goods and services from American firms, announced the Export-Import Bank's chief executive.
However, a majority of the funds (approximately two-thirds) will be given to Brazilian state owned oil and gas major, Petrobras, while the rest will go into infrastructure projects for the 2014 Soccer World Cup and the 2016 Summer Olympics, all to be held in Brazil.
Avanco Resources announced it has completed an investment agreement on a transaction that provides Avanco 100% of an extensive tenement package adjacent to the Rio Verde Project. The new tenement hosts an extremely prospective 14km long copper trend, a major motivator for Avanco’s significant increase and widening of the Rio Verde drill program. Additional rigs have been sourced and are mobilizing.
The Wall Street Journal (WSJ) reported that Brazil and the U.S. unveiled a series of accords on trade and investment aimed at reducing barriers for bilateral commerce and supporting local Brazilian economic development. The bilateral trade agreements were unveiled Saturday, as US President Barack Obama embarks on his first official visit to South America.
The Wall Street Journal reported Wednesday that Brazilian billionaire Eike Batista's conglomerate is to invest as much as $40 million a day to meet growing demand for Brazilian commodities and manufactured goods in the coming years.
In an interview with the Wall Street Journal (WSJ), Batista said he plans to create a new shipping company, purchase a firm in the automation industry and partner with large global manufacturers in Brazil, among other initiatives, reported the WSJ.